| Nasdaq: LTMFX
Thornburg Limited Term Municipal Fund is a laddered portfolio of municipal bonds from throughout the U.S. with an average maturity of less than five years. Investments with shorter average maturities, such as the Thornburg Limited Term Municipal Fund, are less exposed to interest rate risk than investments with longer average maturities.
Obtain as high a level of current income exempt from federal individual income tax as is consistent, in the view of the Fund's investment advisor, with preservation of capital. A secondary objective is to reduce expected changes in its share price compared to longer intermediate and long-term bond portfolios.
There is no guarantee that the Fund will meet its investment objectives. The Fund typically holds no Alternative Minimum Tax (AMT) bonds.